THE Philippines should review its cybersecurity programs given the increasing frequency of ransomware attacks and similar crimes being committed online. The United States has been a prime target of ransomware and other cyberattacks, about 15,000 incidents just in 2020, according to a recent CNN story. Targeting banksMr. Yeo added financial institutions were a lucrative target for cyberattacks, simply because the money entrusted to them draws attention. North Korea reportedly now has a 6,000-man cyberwarfare unit known as Bureau 121, according to the Japan Times story. Moreover, the Philippines should collaborate with its economic and strategic allies to form a united front against cyberattacks and possibly exchange technology and know-how.

Source: Manila Times June 06, 2021 16:41 UTC